$ETH is right at $2,500, and that’s the whole story 🎯
Breaking above $2,500 $ is news. Staying there is the trade.
$ETH is at 2,500 USDT, up just 0.36% on the day. It’s barely above that level after Thursday’s sharp drop, which liquidated $356M worth of ETH positions.
🔹 Key level: $2,500, where bulls and bears are facing off
🔹 Upside: $2,550, then $2,650 $ if buyers take control
🔹 Downside: If it loses the low of the sharp drop, near $2,490, sellers will make the next move
🔹 Headwind: ETH ETFs saw outflows of $201.9M$ on October 6 and $160.9M$ on October 7
I like the resilience, but I won’t talk about a trend reversal until ETH closes above $2,550 $ on a daily candle. Until then, it’s still range-bound.
💬 Is $2,500 $ support or just a magnet? What’s your level? 👇
Breaking above $2,500 $ is news. Staying there is the trade.
$ETH is at 2,500 USDT, up just 0.36% on the day. It’s barely above that level after Thursday’s sharp drop, which liquidated $356M worth of ETH positions.
🔹 Key level: $2,500, where bulls and bears are facing off
🔹 Upside: $2,550, then $2,650 $ if buyers take control
🔹 Downside: If it loses the low of the sharp drop, near $2,490, sellers will make the next move
🔹 Headwind: ETH ETFs saw outflows of $201.9M$ on October 6 and $160.9M$ on October 7
I like the resilience, but I won’t talk about a trend reversal until ETH closes above $2,550 $ on a daily candle. Until then, it’s still range-bound.
💬 Is $2,500 $ support or just a magnet? What’s your level? 👇